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Feb 14, 2013 4:00am EST
is cleared for takeoff. reports say the boards at amr and us airways sign off on their $11 billion deal to create the world's biggest airline. >> announcer: you're watching "worldwide exchange," bringing you business news from around the world. >> all right. you're wearing an appropriate valentine's day shirt. >> i am. i tried. there's a little bit of pink if we look at your tie very closely. if you want to know what's happening in the markets today, hold on, ubs, the valentine's day gdp's massacre. >> yes. >> because if you look at when it's japan shrinking at an annualized rate, germany coming in on quarter on quarter, france coming in -- well, we know they had a recession earlier in the year, as well. minus 0.9% on the quarter been minus 2.7 on the year. >> oh, that's brutal. >> it's the sixth consecutive contraction and that match tess recession of 1992 to 1993. the minus 0.9, it was forecast at minus 0.6 is the slash gdp. >> and italy has been down 2.7% on the year, but this is something in the range of almost a 4% annualized drop until the year from a year earlier. >> the massacre
Feb 11, 2013 4:00am PST
:10. >> the boards of american airlines' parent amr corp. and u.s. airways have pushed back meetings on plans to consider a final merger. >> reports say that the amr board wants to me in person and that the u.s. airways board would only lead after the amr board approves the deal. >> it is not clear when the two boards will finally meet. a in car and u.s. airways could decide earlier this week whether to merge their two companies. >> over the weekend boeing said its 787 dream liner on a test flight, the first since the new airline was grounded three weeks ago. >> the company said the aircraft flew in and out of boeing field in seattle. and it's been two and half hours in the air. the faa granted permission for the test flights last thursday. >> in speculation that apple's next big thing will be a smart watched is heating up. >> the new york times reported that apple is experimenting with a device maker of glass that would run on the company's i o s mobile operating system. >> smart watches are hot items at the big international c s trade show in las vegas last month, including the pebble smart
Jan 31, 2013 4:00pm PST
the enchanted forest." [music] >> my name amr a.mahmoud. i am like 49 years old. i have been driving cab more than 13 year in general. then i drove a ramp more than 3 years. this is my fourth now. i have been enjoying doing the job. i like every moment of it. >> thank you amr. [music} >> hi, my name is peter and i'm a paratransit driver for medsam, and this is north and south of market where i pick up my group and drop them off at home. >> thank you , peter! [singing] you are my sunshine. very good driver. she says driver is very good. number 1. [music] larry mingo, mobility plus driver, san francisco paratransit. >> thank you, mingo. >> you're welcome. >> hi, mingo. >> thank you, mingo. >> thank you, mingo. thank you. [music] >> thank you, larry mingo. >> hey larry mingo, you are awesome. thanks for a great, great job you do for us. appreciate it. >> thank you, mingo. [music] >> hello, my name is james fells i've been working with paratransit for 13 years now. i get a kick out of the job; i like helping people you know when they need help to go shopping or getting picked up at the medical bu
Feb 14, 2013 6:00pm EST
't lose money every year. >> american airlines parent amr corporation filed for bankruptcy in 2011. the merger would give amr creditors 72% stake. and the remaining would go to shareholders. bad news for passengers. many analysts are predicting fewer flights and higher fairs. which could actually be good news for stockholders who may see gains if profits recover. in new york, i'm sandra smith. >> you've had this storm storm on your radar. >> it's back in again, brian. but somewhat in a weakened state until it gets off the coast. doesn't look like a repeat of what happened last weekend at this point. but it's a weird little thing. we're going to be about 55 or 56 tomorrow. most of the day is going to be okay. tomorrow night into saturday that arctic air may be timing out with a wave of low pressure passing by our area. we've got a little bit of snow back in the forecast primarily on saturday. let's start with a look at today. what a beautiful day we had. you get sun in mid-february to late february. it is really bonus time. feels so great and perks everything up. i can hear the morn
Feb 14, 2013 6:00am EST
at the airport in dallas just a few minutes ago. we're expecting an official announcement from amr on the usair merger. that's coming, we think, very, very toon soon. we're going to have that and a lot more when squawk returns. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> welcome back to squawk this morning. t let's take a look at futures. among the headlines we're following this morning, lots of headlines across the board around time warner, considering spinning off some of its magazines. just a couple of details on what's happening here. there's been a number of reports over the past 24 hours that suggested time warper is planning to sell its magazine business to meredith. that is not what's happening here. it's a very different transaction. >> good. i'm glad to hear that. i write for "fortune." >> here is what's happening. th
Feb 14, 2013 9:00am EST
it all together, the comcast/ge deal, dell, new york stock exchange, amr usair, cardinal health, welch said it, money is not the issue. does this set the table for a bigger 2q rest of the year? >> you're right, carl. what's so great i'm going to bring a gigantic back to faber who did not believe me when i said it would be the year of the deal. sounds like he's saying, jim, you better realize it's the year of the deal. >> i like when you put words in my mouth and then argue against them. i didn't necessarily say it wasn't the year of the deal. i just like to temper your enthusiasm. that's what i'm here for. >> this is payback temper for you calling him the smartest man in the universe. >> he hasn't gotten over this. >> historically, and david and i like to joke about it, the truth is size of the deals is big. the best way to play it is with the bonds dealers. david, how much is this deal goldman sachs versus the new m and a guy, goldman for 2013. >> it's an interesting point, although i will make another point which we'll start to hear more about. everybody advising the deal was boutiqu
Feb 11, 2013 4:00am PST
industry. reuters reports creditors for amr are meeting today and could vote on a potential deal between american airlines and u.s. airways. the boards of both of those carriers may also vote on merger today. the marriage of the two airlines means less competition between major carriers, following mergers between u.s. airways and america west, delta and northwest, contiinental and united, and southwest and airtran. "well, it's the business travelers who are the most nervous here. on the liesure end there's some much diversion to discount airlines. but you take places like philly, new york out east, there's a lot of concentration there and there could a few effects." that was depaul economics professor joe schwieterman. he does not foresee regulatory obstacles for amr and u.s. airways to merge. boeing is giving its customers a heads-up that dreamliner arrivals will likely be delayed. manufacturing on the troubled aircrafts will continue, but boeing has said deliveries that were expected in the near future are either delayed or at risk of being delayed. some carriers such as norwegian air
Feb 7, 2013 1:00pm EST
reported early today as well that we are close to seeing a merger between amr and us airways. remember amr in bankruptcy court. they would like to gelt there deal done in bankruptcy court. that expires next week. that could be extended. we wouldn't see a deal for almost two more weeks. all stock deal $10 billion. boards need to approve. doug parker, current ceo is the ceo of the merged airline. when it brings up the question, ceo of amr, he is likely to get the role of nonexecutive chairman. perhaps executive chairman though he was told he would not like to have a lot of power in an emerged airline. this would create the world's largest airline, larger than united continental. already approving terms of essentially bringing unions together. that is a key factor in getting this done over the last six months. and one more time as you look at shares of us airways over the last year, wh a nice move this has had and comment on wall street today, sue, saying this is good. the airline needs to continue and that's why shares are moving higher. >> indeed. investors certainly like it. phil within th
Feb 14, 2013 1:00pm EST
, us airways and amr officially getting hitched to create the world's biggest airline. is the deal good news or bad news for flyers like you and me? and disaster over triumph. carnival's crippled cruise ship, triumph, pulling into port later today. way behind schedule. complaints of lack of food, sanitary conditions terrible. we are on the scene with the latest and who on earth who book a cruise right now? my partner sue is at the new york stock exchange. sue? >> hi, ty. let's get to the two big deals on this valentine's day. heinz sold for $23 billion. and u.s. airway shares right now are down a buck six on the trading session. but heinz is up 19%. phil lebeau is all over the airline merger. first, diving into that deal, gentlemen, warren buffett's berkshire hathaway and brazil's 3g ketchup king, buying it out for about $23 billion, the buyingest buyout ever in food industry. shareholders get $72.50 per share but that is a 20% premium to heinz closing stock price yesterday. who are the big winners? check out heinz top institutional shareholders. it is really a who's who list. blackrock
Feb 11, 2013 4:00am EST
, dodgy fuel issue. i'm not sure that's how renault is describing that. >>> reports of amr and us airways have pushed back meetings to discuss the final details of the deal. it's unclear exactly when boards will meet and reports say management issues such as what role amr's ceo tom horton will have are still being worked out. take a look at those shares today. usair down better than 2%, so a pretty big hit. >> talking about dodgy batteries, boeing plans more flights of its 787 dreamliner this week. the company condutd what it described as an uneventful two-hour flight on wednesday. boeing says the data collected was part of the investigation into the battery related events that led to the grounding globally of the 787 last month. boeing stock res nevertheless down 1.49% in frankfurt. i think uneventful of any flight of any sort. >> that's the kind of description you want. apple hoping for a big event with its latest device. it's reportedly working on a watch like device that has the features like a smartphone. the wearable device is in the experimental phase. "the wall street journal" say
Feb 7, 2013 4:00am PST
airlines parent amr and us airways are hashing out the final details of a major merger. if that deal does get done, the new company would be the world's largest airline. >>> meanwhile, keep an eye on boeing, the ntsb will deliver an update on its dreamliner investigation in washington this morning. the planemaker says it's working on design changes to the light yumm ion batteries used in its 787 dreamliners in hopes of getting the grounded jets back this the air. on wednesday, federal regulators told being it could resume one test flight with a crew, but no pags engineers. >>> yahoo! took off in late news it struck an advertising deal with rival google. >>> home depot is hiring 80,000 seasonal workers in the spring. that's 10,000 more hires than last year. >>> listen up, if you're one of the millions of americans answering work e-mails at home. a case is moving forward in chicago fought bay cop who claims he and fellow officers are owed overtime pay for scanning e-mails on their blackberrys. >>> after ten years, apple has reached a new milestone. 25 billion songs have now been purchased o
Feb 13, 2013 4:00am PST
's parent company, amr, and u.s. airways are scheduled for a separate meeting today to talk about a merger. larry shover of sfg alternatives joins us now for some trader talk this morning. good to have you on the show post the president's speech last night. how much will it mean to the markets today? > > you know, it was a really great speech last night, but i think a lot of that was priced into the market, because president obama did lay out his proposals and his plan quite a while ago, and there really was nothing material that changed from what he had spoken about even a couple months ago. > the market seemed to be a little concerned about some statements out of the g-7. how is that playing out? > > it is funny, the market is concerned, but i think they are more concerned with the g20 that is coming up on friday. right now we are just stuck in a micro-range right now, because people don't know what to make of it. there are so many headlines coming out of europe. i don't think people know what end is up right now. > here is a big headline: opec is talking about all the demand out there f
Feb 15, 2013 4:00am PST
-hathaway, warren buffett's group, buying heinz, the a-m-r u.s. airways deal. what does this mean for wall street? > > i think it is really good. i think it points toward some bullishness in the market, and some bullishness in the m&a market, which is good for everybody. i think that you could see a real pickup in m&a activity toward the end of q1 and into q2, which is bullish the s&ps and dow for sure. > thank you mark. have a good trading day. > > thank you. the merger of american airlines with u.s. airways is the 5th large airline merger since 2001. our cover story takes a look at who wins on the business side and whether consolidation of two more large carriers is good for consumers. american airlines keeps its name, but analysts say it'll be u.s. airways management in charge with increased collaboration from employee labor groups. "i'm hopeful and optimistic they'll include labor, whereas american did everything to exclude labor from their business practices." both airlines have been flying in different directions. since november, 2011, american, operating under bankruptcy protection, lost $
Feb 7, 2013 4:00am EST
journal," american airlines parent amr and us airways are hashing out the final details of a major merger. it would be the world's largest airline. >>> meanwhile, keep an eye on boeing, the ntsb will deliver an update. the maker is looking to design changes for the lithium battery in hopes of getting the grounded jets back in the air. on wednesday, they told federal regulators they could begin one test flight with the crew but no passengers. >>> yahoo! took off in late news it struck an advertising deal with google. >>> home depot is hiring 80,000 seasonal workers in the spring. 10,000 more than last year. >>> if you're one of millions of americans answering e-mails at home. a cop claims they're owed overtime for scanning e-mails on their blackberrys. >>> after ten years, apple has reached a new milestone. 25 billion songs have now been purchased on itunes. a customer in germany will receive a gift card worth 15,000 songs. 15,000 songs are downloaded on itunes every single minute. >>> coffee lovers in new delhi rejougsed when starbucks opened a flagship store in the capital. >>> and they
Feb 11, 2013 1:00pm EST
of a run, let's take some profit. this deal will be announced this week. here is the amr/us airways merger. almost all details have been worked out. there are a if you final ones but nothing i'm told would be a deal-breaker. airline board would meet midweek, by wednesday. perhaps wednesday afternoon by thursday morning, we will see a deal announced again. thursday and friday is the expectation of when it is announced. u.s. air ceo is the ceo of the new merged airlines. what about tom horton who is ceo running it through bankruptcy? he would be nonexecutive chairman at least through 2014. but really for all intents and purposes h this is doug marker's airline to run and the team will run the new american. the market cap is betwe 10.5 and $11 billion. amr, they get 72% in the merged airline. those who owned us airways have had a heck of a run in the last year. look at the stock, up 64%. this is the consolidation play we have been talking about for some time. when you look at the airline index versus the dow, no comparison at all. and the last year, airline index up 24.5%. dow by comparison u
FOX Business
Feb 14, 2013 8:00pm EST
on the deal, warning it could hurt consumers, to u.s. airway ceo douglas parker, and amr ceo douglas horton, welcome to you both. mr. parker to you first, on the senator's fears it would hut consumers, what do you say? >> well, we're happy to address the senator's concerns, this merger is great for consumers, we have two complimentary networks over 900 routes served by two airlines only 12 have which overlapped. we putting it two airlines and fly to more places for more people, it will be good for consumers. neil: do you get a sense. address this to you mr. horton, that there is a consolidation going on in the industry. after delta bought northwest, and united and continental, and southwest, and they are 4 super carriers here. so by just the virtue of fewer choices there is a fear that they will get stuck behind the 8-ball, lay the elay them of thr concern. >> i think it enhances competition, before this deal you had two mega-carriers with delta and united, now a third that is fully competitive with those two on a global basis if you look in global context, you have their global alliances,
Feb 7, 2013 6:00am EST
have a possible deal we know amr and usair. we're going to talk to mike floyd next. he'll always ready to speak his mind. but first, take a look at yesterday's winners and losers. >> oh, boy, i'm rich. i'm independent. i'm secure. i'm rich. >> you stink and i don't like you. our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>> welcome back, everybody. good morning. welcome to sidewalk. as we can see here, and i feel like the weather girl, but u.s. equity futures are feeling slightly higher today. we have a couple of quarterly results hitting the tape in the last few minutes. cigna reporting earnings and revenues ahead of estimate
Feb 7, 2013 4:00am EST
's coming up. amr and us airways reportedly are hashing out the final details of their merger. it will create the world's biggest airline. and the "wall street journal" says the all stock transaction will be part of amr's reaction to take it out to bankruptcy. amr would get about 72% of the new company. us airways shares up 2.3% in frankfurt. >>> speaking of airlines, boeing is reportedly working on a battery redesign aimed at battery risks on its 787 dreamliner. the faa has given the company permission to make a special one-time test flight from texas to washington state. the ntsb says it's probably weeks away from completing its probe into the battery incident. boeing shares, which have suffered on news of this -- of the dreamliner, but not tremendously. you look, they're down 3% over the last month or so. today, down by 0.3 5%. >> news corp. profits more than doubled on one-time gain for acquisitions. several businesses have underperformed. the u.s. version of "x-factor" had smaller ratings. the company saw lower ad revenue for its australian papers. as a result, the stock
Feb 14, 2013 5:30pm PST
. the price tag for the deal: $11 billion. creditors of american's bankrupt parent company a.m.r. will own 72% of the combined airline. the merger affects some 187 million passengers who fly the two airlines annually. >> i grew up on u.s. airways. >> brown: as well as more than 100,000 employees. >> our best goal going forward is to make it the biggest, strongest airline in the country, and i suppose that's about to happen. >> brown: the combined company will keep the american name and headquarters in fort worth, texas. but it is u.s. airways c.e.o. doug parker who will run it. his counterpart-- tom horton at american-- will serve as chairman, but bow out after the transition the two are friends who started their careers together at american three decades ago. >> to run a new airline you need to have one leader and only one leader that the rest of the airline sees. and tom was nice enough to agree to hang around and help me with that transition but then also cared enough about american to know that once that transition happens, the company needs to see one leader and was confident enough in m
Feb 14, 2013 5:00pm PST
company, a-m-r corp.-- is still under bankruptcy protection. u-s airways shareholders will also have to vote for a merger. then the department of transportation and the justice department must approve the deal. billionaire warren buffett is getting into the condiment business. buffet's company teamed up with investment group 3-g capital to buy ketchup maker heinz. the takeover has to be approved by heinz shareholders and is worththe all-cash deal offers shareholders a little over 72-dollars a share. although heinz is known for ketchup-- they also makes a variety of sauces, canned goods and frozen foods. jobless claims fell to 341- thousand last week-- that's down from 368-thousand the week before. economists were expecting the number to be higher. but it's not necessarily a sign that the job market is improving. they say last week's numbers may have been distorted by the massive snowstorm that pounded several states. overall, claims have come down from where they were a year ago, but the improvement has been gradual. happy valentine's day lookit that pretty sign today we are looking
Feb 7, 2013 5:00am EST
. >>> good morning. american airlines' parent amr and usairways are reportedly hashing out the final details of their merger which could be announced in the next week or two. the deal would create the world's biggest airline. the "wall street journal" says the transaction would be part of americans' reorganization to bring it out of bankruptcy. the carrier filed for chapter 11 at the end of 2011. now, under the deal, amr's creditors would control the majority of the new company. back to you. >> thank you. >>> new york city has already moved to ban sugary drinks. now the big apemcould impose a ban on -- big apple could impose a ban of foam to go. many have criticized styrofoam as not breaking down easily in landfills. there could be a fight because the containers are lightweight and often cheaper than plastic. the city hopes to have the ban in place by 2017. >>> a chicago police sergeant is suing for overtime pay for answering work-related emails and calls after hours. a federal suit claims police leaders forced their officers to respond to after-hour questions and read their emails but told
Feb 7, 2013 6:00am EST
: good morning. this has been a very long courtship. american airlines' parent amr and usairways are reportedly hashing out the final details of their merger. which could be announced in the next week or two. a deal would create the world's biggest airline. the "wall street journal" says the transaction would be part of american's reorganization in bankruptcy court in order to take it out of bankruptcy. the carrier filed for chapter 11 at the end of 2011. under the deal, amr's creditors would control the majority of the new company. >>> and boeing is reportedly working on a redesigned battery aimed at minimizing fire risks on the troubled 787 dreamliner jet which has been grounded worldwide. the "wall street journal" reporting boeing hopes to get the passenger plane flying again as soon as march. the faa has given the company permission to make a special one-time test flight from texas to washington state that would be very, very controlled. the ntsb meantime says it's probably going to be weeks away from completing its probe into the battery incidents. this has really been a big
Feb 8, 2013 6:00am EST
at hubs. and there's still a chance that this deal won't happen. amr could back out and work through bankruptcy on its own or the bankruptcy judge and the justice department could have problems with this merger based on anticompetitive reasons, antitrust reasons. so we're just going to have to wait and see. >> i heard that amr did have a serious effort to think about staying out on its own if they can get the money together. >> absolutely this stance has been going on for a time now. >> thanks jess. >>> all right celebrating carnivale and brazil's five day extravaganza begins today. >> adult beverages coming up next. some savory dishes tooment we're going to travel -- too. we're going to travel a bit for a tast >>> did you know brazil's carnivale begins today? right before ash wednesday. and if you want to celebrate and you obviously can't get down there. we have a solution for you. joinings us now just meeting now. i'm mike nice to meet you. >> i'm matt. >> and that name of the restaurant? seca? >> it's actually a magical tweet on south america. >> you're right here in the district.
FOX Business
Feb 15, 2013 8:00pm EST
.j. heinz, and the 11 billion-dollar merger between amr and u.s. airways. and i'm not including anheuser-busch more than big numbers and big deals. a big question. why is all this happening right now? why in an environment where taxes are going up a lot, why are we back to the deals with the likes of which we haven't seen since those lazy and hazy, much lower tax rate of 2005? well, it could be that companies simply have no else where else to put their cash or maybe it is all part of a big bunker mentality. too risky to start something new. so they are just buying out arrival or two in their own business. the deals are back. usually that is good for investors. but before the president takes a bow and since christmas, maybe you should take note that these guys are spending all this money, not as an endorsement, maybe as a defense against it. the real story behind all of this, we have matt schuett. what is going on? >> well, there's a lot of cash out there. not returning anything. borrowing costs are very low. stocks are pretty cheap. we have an environment where growth is slow. it is toug
FOX News
Feb 14, 2013 2:00am PST
to be announced today. the board of american airlines parent amr and u.s. airways voting to merge and creating like you said the largest airline in the world. we are talking about a value near $11 billion. the deal could take up to a year to close. in the meantime what should fliers do. a lot of people get nervous especially what can happen with ticket prices. your frequent flair miles will not disappear and international options are going to increase. as for the fairs the reality is that four domestic airlines would control 83 percent of all seat assignments that's fewer choices and could impact prices but really not as much as you might think. ratings are warning the combo would weaken operations at certain airports and some of the connecting hubs could be eliminated. >> if you driy a lexus you are in good hands. >> fewer problems. if you can afford one these days toyota's top luxury brand which is lexus the most dependable three-year-old cars from the 2010 year. hee mark went to porsche, toyota and lincoln brands as well. cars are becoming more reliable than ever. not all of them. they went
Feb 7, 2013 2:00am PST
street journal," american airlines parent amr and us airways are hashing out final details of major merger. meanwhile, keep an eye on boeing today. the ntsb will deliver an update on the dream liner investigation in washington this morning. the plane maker says it's working on design changes to the lithium ion batteries used in the dreamliners in hopes of getting the grounded jets back in the air. on wednesday, federal regulators told boeing they could resume one test flight with a crew but no passengers. >>> elsewhere, yahoo shares took off in late trade on news they struck an advertising deal with google. home depot is hiring 80,000 seasonal workers for this spring. that's 10,000 more hires than last year. listen up. if you're one of millions of americans answering work e-mails at home, a case is moving forward in chicago filed by a cop who claims he and fellow officers are owed overtime pay for answering calls and scanning e-mails off duty on their blackberries. >>> after ten years, apple reached a new milestone. 25 billion songs have now been purchased on itunes. a customer in g
Feb 7, 2013 4:30pm PST
months in the making but a merger between u.s. airways and american airlines parent company a.m.r., may be getting close to take off, according to the wall street journal. the combination would create the world's largest airline. among the complications: american is in bankruptcy so it's creditors would take a large stake of any combined company. u.s. airways stock was higher on the speculation, rising 3.8%. u.s. airways shareholders would likely get a minority stake if they merge with american airles. stocks of other major air carriers rallied as well. delta air lines rose 2.7% to a new 52 week high. united continental gained 1.6% to within almost a dollar of a new yearly high. the possibility of online gambling coming to the garden state. new jersey governor chris christ)"Ñpgnounced his support to legalize internet gambling in his state. if it happens, new jersey would be one of the first states to allow it. that support was enough to get gaming stocks moving up. aesa entertainme jumped 18.6% to its highest price since july. boyd gaming saw a more modest 2.7% rally, but volume more t
Feb 11, 2013 4:30pm PST
since amr's been in bankruptcy. >> uh-huh. >> let's take a look at the stocks of these three big players, so how investors might want to play this. you know, whether you are looking at u.s. airways which has been going, the shares have been going up a little bit. unied continental also the upside. delta nice move there on delta shares. as you assess these three companies, whose's the best, its strongest play frere the point of view of an investment. >> as i look at all three of these stocks, i like delta the best. right here i know as you mentioned this stock has been up 50% since the beginning of december, that's a big move. they just reported earnings that were soiled. they have a cost advantage versus the other guy. and also given their cash flow we could see a buy back from them as soon as june of this year. they're also trading at a discount to the group is so this is where i find the most value. united continental has been a more volatile stock. they're still working through the merger of those two companies. they're working on bringing costs down. they have a lot further to go. u.
Feb 14, 2013 4:30pm PST
, catapulting the shares over 10%. now, besides the deals for heinz and a.m.r. that we told you about at the top of the program, there were some other deals in the spotlight today. investors slurped up anheuser- busch shares on optimism it will get s. regulatory approval to buy mexican brewer grupo modelo. that's the maker of corona beer. anheuser is offering to sell the rights to corona and other grupo modelo brands in the united states to constellation brands as a concession to get regulatory approval. shares of constellation skyrocketed 37% to almost $44 while annheuser rose more than 5%. cardinal health, the second- largest distributor of prescription drugs, is buying a large, privately held medical supplier called assura-med. the $2 billion deal will allow cardinal to expand into home health care, and its stock rose 1% to $46. and then best buy's founder, richard schulze, is reportedly thinking about giving up his plan to take over the troubled electronics chain. instead, there's speculation he may line up investors to take a minority stake in the company. the stock ended today up almost 4%
Search Results 0 to 49 of about 105 (some duplicates have been removed)